A break down of prices by Forbes
shows the biggest cities have the highest rental prices, with San Francisco, Boston and Manhattan topping the list. The average rental in San Francisco is north of $3,500. That's for one bedroom. In Manhattan, the average one bedroom is costing renters north of $3,000 monthly.

What we're earningThe U.S. Census Bureau's latest report on median household income was in 2017 and shows it was $61,372. There is a "deep chasm between affluent and poor parts of the country," Investopedia says.
Americans in the South are bringing in the lowest household incomes, with a median of $51,174 per year.

Simply put, the cost of living across the United States has skyrocketed, while wages have remained stagnant. This means more income is going toward housing, and for renters dealing with soaring monthly rent prices, it's making it tougher to save to purchase homes.

The Wall Street Journal reports
there are startups partnering with rental companies to offer loans to recent college grads and millennials who need lower annual interest rates. It's especially helping people pay high deposits on rentals.

The pitfall, the WSJ says, may be that these loans might encourage renters to live beyond their means, especially in large cities.